Which P2P lending marketplace is most likely to replace Mintos? Is it the growth-oriented Lendermarket with high interest rates and cashback promotions that has a full expansive roadmap for this year? We were able to discuss this question and much more with the Mintos alternative Lendermarket in person at Invest 2022 in Stuttgart. Lets see if Lendermarket a Mintos Alternative will be!
Endrik explains why Lendermarket is a Mintos alternative
There is a lot going on at Lendermarket right now, not all of which we investors get to see, as Endrik Eller their CEO explained to us.
They recently added a new lender, Credory – the first one that is not part of the Creditstar Group. We are of course interested in why you are now keen to take on more lenders? Wouldn’t you then become just another marketplace among many?
The fact that Creditstar has been able to do very solid business so far has been proven several times. But what about new lenders? How do you ensure due diligence with lenders outside the Creditstar Group?
Endrik is consistently following a plan here, which he has not lost sight of since taking over responsibility at Lendermarket.
Part of the strategy is to provide strong growth. In other words, the many cashback promotions and the new customer bonuses are solely for growth and will not stay that way forever!
We should also take the 16% interest rates that are still available – they will also decrease.
Lendermarket is fully on track for growth and plans to add more lenders this year. Most importantly, he has now announced on the podcast that a secondary market is coming!
And then there was the Unicorn story….
Just listen to it:
Currently there are even two cashback options for new customers:
- 1% Cashback for new customers on all investments made in the first 60 days or
- 2% Cashback for new customers in the first 30 days and only until 7 June
You are spoilt for choice!Join Lendermarket and get 2% cashback for 30 days!
The interview was conducted as part of a German podcast
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Please note my disclaimer. I do not provide any investment advice and do not make any recommendations. I am invested myself on almost all P2P, crowdfunding and cryptolending platforms I report on. All information is provided without guarantee. Past developments are no indicator for future developments! Links(*) to platforms are usually affiliate links, where you often benefit and I receive a small commission.
Beachte bitte meinen Haftungsausschluss. Ich betreibe keinerlei Anlageberatung und spreche keine Empfehlungen aus. Auf fast allen P2P, Crowdfunding und Kryptolending Plattformen, über die ich berichte, bin ich selbst investiert. Alle Angaben erfolgen ohne Gewähr. Entwicklungen der Vergangenheit sind kein Indikator für zukünftige Entwicklungen! Links(*) zu Plattformen sind in der Regel Affiliate-Links, bei denen oft du Vorteile hast und ich eine kleine Provision erhalte.